You are currently viewing Babylon secures $70 million to turn Bitcoin into PoS security backbone

Babylon secures $70 million to turn Bitcoin into PoS security backbone

Babylon, the Bitcoin staking protocol, has successfully closed a $70 million funding round led by Paradigm, with significant contributions from Bullish Capital and Polychain Capital. This pre-launch funding aims to support team growth, research, and development ahead of Babylon’s mainnet launch. The funds will be used to advance Babylon’s scalable staking and restaking features, unlocking […]

The post Babylon secures $70 million to turn Bitcoin into PoS security backbone appeared first on CryptoSlate.

Leave a Reply